BLS E-Services Limited IPO Details, date, Review, Price

BLS E-Services Limited IPO

OUR BUSINESS

We are a leading technology-enabled service provider, providing (i) Business Correspondence services to major banks in India, (ii) Assisted E-services; and (iii)E-Governance Services at grass grassroots levels in India. Through our network, we provide access points for the delivery of essential utility services, social welfare schemes, healthcare, financial, educational, agricultural, and banking services for governments (G2C) and businesses (B2B) alike in addition to a host of B2C services to citizens in urban, semi-urban, rural and remote areas.

BLS E-SERVICES LIMITED IPO DATE & PRICE BAND DETAILS

IPO Open Date Jan 30, 2024
IPO Close Date Feb 01, 2024
IPO Size Approx ₹310 Crores
IPO lot size ₹108
Offer For Sale23,030,000 Shares
IPO Face Value ₹10 Per Equity Share
IPO Price Band[129] to ₹[135] Per Every Share
IPO Listing OnNSE and BSE
IPO Retail Quota10%
IPO QIB Quota2.04%
IPO NII Quota5.23%
IPO DiscountN/A
DRHP DraftClick Here
RHP DraftClick Here
Anchor InvestorClick Here

BLS E-SERVICES LIMITED IPO MARKET LOT DETAILS

ApplicationLot SizeSharesAmount
Retail Minimum108108 Shares₹14,580
Retail Maximum--₹-
S-HNI Minimum-1,512 Shares₹2,04,120
B-HNI Minimum-7,452 Shares₹10,06,020

OBJECTS OF THE OFFER

Our Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Strengthening our technology infrastructure to develop new capabilities and consolidate our existing platforms.
2. Funding initiatives for organic growth by setting up BLS Stores.
3. Achieving inorganic growth through acquisitions.
4. General Corporate Purposes.

BLS E-SERVICES LIMITED IPO ALLOTMENT & LISTING DATE (DETAILS)

Price Band Announcement[.]
Anchor Investor Allotment[.]
IPO Open DateJan 30, 2024
IPO Close DateFeb 01, 2024
Basis of AllotmentFeb 02, 2024
Refunds[.]
Credit to Demat Account[.]
IPO Listing DateFeb 06, 2024

BLS E-SERVICES LIMITED FINANCIAL REPORT

₹ in Crores
Year Revenue Expense PAT
31-Mar-2023 ₹246.29 ₹179.47 ₹20.33
31-Mar-2022 ₹98.40 ₹55.93 ₹5.38
31-Mar-2021 ₹40.59 ₹40.59 ₹3.15

OUR PROMOTERS

BLS International Services Limited is the Promoter of our Company. As of the date of this Draft Red Herring Prospectus, our Promoter holds 4,62,56,485 Equity Shares, equivalent to 69.32% of the pre-issue paid-up Equity Share capital of our Company. All Equity Shares issued to our Promoter were fully paid-up at the time of Allotment. For further details on the shareholding of our Promoter and Promoter Group.

QUALITATIVE FACTOR

Some of the qualitative factors and our strengths form the basis for computing the Issue price as follows:

1. Asset light business model.
2. We enable social and financial inclusion in India.
3. Multiple cross-selling and up-selling opportunities, network effect, and wide reach for customer acquisition.
4. Business model with diverse sources of revenue and negligible customer acquisition and retention costs.
5. Successful track record of our acquisitions.
6. Experienced senior management, skilled employees, and strong parentage of our Promoter “BLS International Services Limited.

Basic & Diluted Earnings Per Equity Share (“EPS”)

Financial Year EndedBasic EPS (in ₹)Diluted EPS (in ₹)Weight
March 31, 20233.023.023
March 31, 20220.890.892
March 31, 20210.520.521
Weighted Average1.891.89-

BLS E-SEVICES LIMITED COMPANY CONTACT DETAILS 

G-4B-1, Extension,
Mohan Co-operative Indl. Estate Mathura Road,
South Delhi, New Delhi –110044,
India
Telephone: +91-11-45795002
Website: www.blseservices.com

BLS E-SEVICES LIMITED IPO REGISTAR

KFin Technologies Limited
Selenium, Tower B, Plot No –31 and 32
Gachibowli, Financial District
Nanakramguda, Serilingampally
Hyderabad, 500 032
Telangana, India
Telephone: + 91 40 6716 2222/ 18003094001
Email: epack.ipo@kfintech.com
Investor grievance email: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna

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